Analysis Center
11
November
SBV strengthens liquidity injection to support the banking system
This week, the SBV ramped up repo contract issuances amid the intense liquidity in the week-early. Interbank interest rates spiked to 5.5% before easing to 4.15% on Friday, marking a...
11
November
Derivatives: Selling pressure?
The downtrend regained the upper hand as the contract closed below most of the critical moving averages. Therefore, traders should carefully observe the next trend to make suitable investment decisions.
11
November
Chart of the day: Low Liquidity
Despite the correction in the last two sessions of the previous week, signals remain inconsistent. Therefore, the downtrend may still not dominate. Investors should exercise caution and observe the next...
11
November
Market commentary: Selling pressure dominated the market
The stock market continued to decline. Furthermore, cash flow remained weak as liquidity was still low, indicating that the current trend remains unclear. Therefore, investors should observe and await further...
11
November
Textile & Garment – Note – [Nonrated] – Signals of shinning prospect
In 3Q24, textile and garment turned more vibrate in both manufacturing and export activity. Particularly, clothing, fabric and yarn domestic production grew by double-digit in 3Q24, meanwhile, the exports of...
08
November
Banking – Note – [OVERWEIGHT] – 3Q24 strong growth from the bottom
Aggregated 3Q24 PBT (27 banks) surged +17.7%yoy from a low base 3Q23 thanks to net interest incomes’ strong growth (+17.9%yoy) and moderate growths of OPEX (+9.8%yoy) and risk provision expenses...
08
November
PLX – Brief – [NONRATED] – Higher Brent volatility undermined earnings
In 3Q24, PLX’s revenue plummeted by 11% yoy (to VND64.3tn) owing to the contraction of both selling price and volume. In 3Q24, gross margin reached 5.3% (-1.0%p qoq and +0.1%p...
08
November
Strategic Insight: A challenging phase
We believe the Vietnamese stock market will maintain an uptrend in the medium and long term based on (1) the shift in global manufacturing away from China due to high...
08
November
Derivatives: Unexpected end-of-session adjustment
The contract still shows positive signals regarding the upward trend. Therefore, traders might wait for a breakout signal from the flag pattern to open a long position in the upcoming...
Featured Analysis
Market commentary: Foreign investors turned net buyers again
GDA – Brief – [NONRATED] – 3Q25 – Domestic market supported earnings
Market commentary: Selling pressure returned
Derivatives: Awaiting the next signal
VJC – Earnings Review – [HOLD] – 3Q25: Inefficient expansion
Derivatives: Uptrend confirmation?
Market commentary: Sustained demand
